Elo Mutual Pension Insurance Co Cuts Stake in Tesla, Inc. (NASDAQ:TSLA)

Elo Mutual Pension Insurance Co decreased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 265,060 shares of the electric vehicle producer's stock after selling 7,728 shares during the period. Tesla comprises 2.3% of Elo Mutual Pension Insurance Co's portfolio, making the stock its 6th biggest position. Elo Mutual Pension Insurance Co's holdings in Tesla were worth $107,042,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Strategic Financial Concepts LLC grew its stake in shares of Tesla by 36,790.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 8,660,672 shares of the electric vehicle producer's stock worth $3,497,526,000 after acquiring an additional 8,637,195 shares in the last quarter. Proficio Capital Partners LLC boosted its position in shares of Tesla by 55,181.0% during the 4th quarter. Proficio Capital Partners LLC now owns 4,382,674 shares of the electric vehicle producer's stock valued at $1,769,899,000 after acquiring an additional 4,374,746 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Tesla by 194.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 5,486,739 shares of the electric vehicle producer's stock worth $2,215,765,000 after purchasing an additional 3,624,910 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Tesla by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock valued at $98,211,134,000 after purchasing an additional 3,571,793 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Tesla by 13.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock worth $6,377,970,000 after buying an additional 2,946,763 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

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Tesla Stock Down 3.5 %

Shares of NASDAQ TSLA traded down $9.58 during midday trading on Friday, reaching $263.55. 123,100,723 shares of the company's stock were exchanged, compared to its average volume of 93,218,015. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $488.54. The business's fifty day moving average price is $321.33 and its two-hundred day moving average price is $321.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.61 and a current ratio of 2.02. The stock has a market capitalization of $847.71 billion, a PE ratio of 129.19, a price-to-earnings-growth ratio of 5.86 and a beta of 2.50.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, January 29th. The electric vehicle producer reported $0.66 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.08). Tesla had a net margin of 7.26% and a return on equity of 10.31%. Analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of research analyst reports. Cowen raised Tesla from a "hold" rating to a "buy" rating in a report on Thursday, March 6th. Evercore ISI raised their price target on Tesla from $195.00 to $275.00 and gave the stock an "in-line" rating in a research note on Friday, January 3rd. Guggenheim reduced their price target on shares of Tesla from $175.00 to $170.00 and set a "sell" rating for the company in a report on Wednesday, March 12th. Truist Financial raised their price target on Tesla from $351.00 to $373.00 and gave the stock a "hold" rating in a report on Thursday, January 30th. Finally, Stifel Nicolaus cut their price objective on shares of Tesla from $492.00 to $474.00 and set a "buy" rating for the company in a report on Monday, February 10th. Nine research analysts have rated the stock with a sell rating, eight have given a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $318.34.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 7,000 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $413.56, for a total value of $2,894,920.00. Following the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at approximately $45,063,565.40. This trade represents a 6.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the sale, the director now directly owns 5,400 shares of the company's stock, valued at approximately $2,222,802. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 477,228 shares of company stock valued at $166,849,043. Insiders own 20.70% of the company's stock.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.